Bitcoin prices took an abrupt nosedive on Thursday evening following news of massive sell-offs in the hundreds of millions, sparking a widespread downturn in both futures and spot markets.
Cathie Wood also alluded to the significant downfall of the crypto exchange FTX last year, stating that it effectively 'proved the concept' of bitcoin.
Tether said, 'We think that a smooth transition is important for the long-term health of the DeFi ecosystem and its platforms, including those that use our tokens.'
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